5 things to know before the stock market opens Friday, Nov. 19
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Investors need the following news, analysis and trends to help them start trading:
1. Dow futures fall on worries about Covid in Europe
After the October Labor Department data, markets were up after new numbers revealed that nonfarm payrolls rose by 531,000 in October.
Spencer Platt/Getty Images
Dow futures fellAs concern grows over European Covid epidemics, nearly 250 points have been added. Austria said Friday that due to an increase in the number of cases, it would re-enter full national lockdown. Although the Nasdaq futures rose modestly, they were supported by an overall positive premarket for stocks in tech stocks. Intuit shares rose more than 13% Friday morning’s premarket. This was the day after TurboTax Software Company blew past expectations with its quarterly earnings and increased full-year revenue guidance. There are many other factors that could have influenced the rise of Intuit shares. NasdaqThe S&P 500This Thursday closed at recordsof positive weeks. Dow Jones fell more than 1.5% from the Nov. 8 record closing. A negative week was predicted for the average of 30 stocks.
2. Austria re-imposes a full lockdown, makes vaccines mandatory
Innsbruck Police Officers monitor the compliance to the lockdown during the first day in a national lockdown that applies to all people who have not been vaccinated against Covid-19.
Jan Hetfleisch | Getty Images
Austria’s fourth Covid lockdown will start on MondayInitially, it will last 10 days. Unvaccinated citizens are currently prohibited from going outside their home for non-essential purposes. Starting February 1, vaccinations will be mandatory in the country. As the pandemic spreads across Europe, covid cases have been on the rise. This has prompted many countries to intensify their mitigation efforts. Germany said ThursdayCertain venues would ban unvaccinated patients from areas that have high hospital admissions. The Netherlands introduced partial lockdown.
3. FDA issues Moderna and Pfizer Covid booster shots to all U.S. Adults
Illustration of vaccine labels labeled with Moderna coronavirus diseases (COVID-19), Pfizer BioNTech, and Moderna are shown in this picture from March 19, 2021.
Dado Ruvic | Reuters
Food and Drug Administration cleared booster shotsModerna and Pfizer have approved the use of Pfizer in all Americans over 18 years old. This is another important step towards widespread availability. However, authorization must be given by the Centers for Disease Control and Prevention for the distribution of any additional doses. Friday’s meeting of the CDC’s independent panel is set. Moderna and the elderly were previously eligible for a Pfizer booster. People 18 and older who got Johnson & Jonson’s single-dose vaccine were already made eligible for a booster.
4. Biden sets climate and social spending plans for the House
The U.S. Capitol, Washington, D.C. on Tuesday, November 16, 2021.
Bloomberg | Bloomberg | Getty Images
The House moved toward a voteThe President Joe BidenAfter a critical analysis, which showed that it would not significantly increase budget deficits for the next ten years,’s climate and social safety net plans were approved Friday morning. The Democrats were looking to vote on Thursday, but the House Republican leader postponed it. Kevin McCarthyA marathon speech lasting more than 8 hours was delivered by Nancy Pelosi, then-House Minority Leader. This broke the current record.
5. Sierra Space is valued at a record high as it develops a spaceplane and a space station
Sierra Space is a private contractor in aerospace, Sierra Nevada Corporation.aised $1.4 billion in new capitalIt is valued at $4.5 Billion. General Atlantic and Moore Strategic Ventures, BlackRock, AE Industrial Partners provided financing for Sierra Space’s first outside investment since its April subsidiary. Sierra Space currently has two important projects under development. The Dream Chaser Spaceplane and Orbital Reef Space Station, which the company partnered with Jeff Bezos’ Blue Origin for.
— The Associated Press contributed to this report. You can follow all market activity like a professional. CNBC Pro. Find the most recent information about the pandemic here CNBC’s coronavirus coverage.
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